Economy

November 23, 2008

It's 'ants' v. 'grasshoppers' as economic crisis deepens

Two-and-a-half millennia before anyone thought of bundling toxic derivatives, Aesop knew what bugged people in "The Grasshopper and the Ant." The anger of the ants — antipathy, if you will — rose up last week when Detroit auto titans hopped into their private jets to plead desperation for $25 billion in taxpayer-funded loans.

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